New Contract Award in West Af

RNS Number : 6282Y

Westminster Group PLC

09 July 2008

 



9th July 2008

Westminster Group Plc: New Contract Award - West Africa

Westminster Group Plc ('Westminster' or 'the Group'), the AIM listed supplier of system solutions and products to the security, defence, fire protection and safety markets worldwide, announces that it has secured another important repeat contract award from Ecobank Ghana, a leading independent West African banking group, valued at circa USD360,000.

Ecobank serves wholesale and retail customers from its network of over 350 branches across 18 countries throughout West and Central Africa.

Westminster International undertook a pilot installation in early 2007 at one of Ecobank's principal offices for the provision of fully integrated security systems including CCTV surveillance, bespoke ATM monitoring equipment, access control and intruder alarm systems. Following the success of the pilot, Westminster received an order in July 2007 to install systems in 6 branches for a value of USD300K, in April 2008, Westminster received a further order valued at USD90k. 

The latest award to protect an additional 8 branches of Ecobank, which will commence immediately and last for several months, brings the total number of branches in West Africa so far protected by Westminster to 17, with a total contract value to date of USD750k. It is Ecobank's intention to roll out similar security protection throughout its entire branch network.

Commenting on the latest contract award, Peter Fowler, Chief Executive of Westminster Group, said:

'I am delighted to announce this latest contract award particularly as this is repeat business from an important existing client.  Coming on top of other recent awards it further demonstrates our ability to build long-term relationships and provide high quality services to clients worldwide.

'It is always gratifying to receive repeat business from existing clients. Having previously carried out several projects for Ecobank in West Africa, I am aware of how seriously they take the security of their premises and banking infrastructure and the importance they place on reliable, professional services such as those provided by Westminster.'

Enquiries:

Peter Fowler                                                                01295 756 300

Chief Executive - Westminster Group Plc

Clive Carver                                                                 020 7600 1658

FinnCap

Tom Cooper/Paul Vann                                               0117 920 0092

Winningtons Financial

Notes:

Westminster Group plc is a leader in the supply of system solutions and products to the security, defence, fire protection and safety markets worldwide.

Westminster's principal activity is the design, supply and ongoing support of advanced technology security solutions. These can range from product only assignments, such as the supply of specialised scanners, to the design and implementation of an integrated system solution such as a border detection and surveillance system. The majority of its customer base, by value, comprises governments and government agencies, non governmental organisations and blue chip commercial organisations.

This information is provided by RNS

The company news service from the London Stock Exchange

 

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